|Bid||8.22 x 1000|
|Ask||8.23 x 800|
|Day's Range||8.13 - 8.29|
|52 Week Range||3.14 - 10.89|
|Beta (3Y Monthly)||-0.28|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.50|
Brazil's state-controlled power holding company Centrais Eletricas Brasileiras SA plans to sell 45 stakes in companies, mostly windfarms, in the second half of the year, Chief Executive Officer Wilson ...
Brazilian state-controlled power utility Centrais Eletricas Brasileiras SA on Tuesday posted a first-quarter profit almost three times the size of its earnings a year earlier. Eletrobras, as the company ...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Centrais Eletricas Brasileiras SA-Eletrobras and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Brazil's state-controlled Centrais Eletricas Brasileiras SA has not met its workforce reduction target with a voluntary buyout program, the company's chief executive said on Friday. Wilson Ferreira Jr., the chief executive, said only 438 employees joined the program so far, less than 25 percent of the 2,000 workers that Eletrobras, as the company is known, was planning to layoff. Ferreira said Eletrobras will create new workforce reduction programs to reach its goal of having 12,000 employees by 2020, down from the current 14,000.
International private companies have increased their investment in Brazil's power sector over the last three years even as the country's cash-strapped state-controlled companies have cut back, a Reuters survey of power companies shows. Eight out of 11 large foreign private firms operating in Brazil boosted investments in the power sector from 2016 to 2018, some of them by more than 200 percent, the poll showed. Meanwhile, the three largest state-controlled firms - Eletrobras , Cemig and Copel - cut their annual spending by around 45 percent over the same period.
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Brazilian state-run electricity company Eletrobras on Thursday reported a fourth-quarter profit of 12.07 billion reais ($3.02 billion), a sharp turnaround from the year before, thanks in part to the sale of money-losing subsidiaries and the reversal of impairments. The quarterly performance of Centrais Eletricas Brasileiras SA, as the company is formally known, marks a strong improvement over the same period in 2017, when the firm posted a loss of 3.9 billion reais. Throughout 2018, the Eletrobras privatized six distribution subsidiaries in northern and northeastern Brazil.
A plan to transfer to private investors a controlling stake at Latin America's largest power firm, Brazil's Eletrobras, could be ready as soon as June, Energy Minister Bento Albuquerque said on Wednesday. Albuquerque said the Brazilian government wants to discuss the plan in detail with lawmakers before it sends the proposal for a vote in the Congress. The privatization likely will happen through a capitalization plan in which new shares would be offered to investors in a process that would dilute the largest shareholder, the Brazilian government, to such a level that it will no longer hold a controlling stake.
Brazilian Mines and Energy Minister Bento Albuquerque told journalists on Wednesday he plans to have a plan to capitalize state-run electricity company Centrais Elétricas Brasileiras SA, known as Eletrobras, ...
Petrobras Distribuidora SA, the distribution unit of Brazilian state-run oil firm Petroleo Brasileiro SA, posted a major boost in quarterly net profit on Tuesday thanks to the effective payment of debts it was owed. In a securities filing, the firm posted a fourth-quarter net profit of 1.605 billion reais ($427 million), up some 202.3 percent from the same period a year before and well above the mean estimate of 613 million reais calculated by Refinitiv. In the filing, the firm, which went public in December 2017, said that much of the net profit boost could be attributed to the effective payments of debts that it was owed via the privatization of Centrais Eletricas de Rondonia, Boa Vista Energia and Eletroacre.
Brazil's Economy Minister Paulo Guedes said on Friday that the model used to privatize six distributors owned by Centrais Eletricas Brasileiras is an example to be followed in the future, such as in the ...
Brazil's Retiro Baixo hydroelectric plant has suspended operations to preserve its equipment but the dam is safe, state-owned Eletrobras said, after last week's deadly disaster at a mining dam owned by Vale. Vale's Brumadinho tailings dam, used to store the muddy detritus from mining, collapsed on Friday, killing at least 84 in one of Brazil's largest industrial accidents on record. The Retiro Baixo plant in Minas Gerais, which has 82 megawatts (MW) capacity, is owned Eletrobras subsidiary Furnas and by state mining company Cemig.
Brazil's new government will support state-run utility Centrais Eletricas Brasileiras SA raising capital but whether that is through privatization or another format has not yet been determined, Chief Executive Wilson Ferreira said on Tuesday. Ferreira told Reuters he has begun to discuss how to capitalize Eletrobras, as the company is known, with Mines and Energy Minister Bento Albuquerque, but not yet with Economy Minister Paulo Guedes or President Jair Bolsonaro. The previous government tried that but was not able to get a bill authorizing the operation through Congress last year.
SAO PAULO (Reuters) - Brazilian construction conglomerate Odebrecht SA has agreed to pay 161.9 million reais (£32.8 million) to Centrais Eletricas Brasileiras SA in a deal with authorities to ...
Brazilian construction conglomerate Odebrecht SA has agreed to pay 161.9 million reais to Centrais Eletricas Brasileiras SA in a deal with authorities to help settle corruption allegations against it, ...
Brazil's Equatorial Energia won an auction on Friday to acquire 90 percent of an electric distributor owned by state-controlled company Eletrobras for 45 billion reais , according to a securities filing. ...
The privatization auction of a unit of Brazilian state-run power holding company Centrais Eletricas Brasileiras SA was delayed to accommodate investors who needed more time to examine the unit, the company's chief executive said on Monday. Many potential buyers had requested information in the last week about the Ceal unit, said Wilson Ferreira Jr, the CEO of Eletrobras, as the company is known. The successful sale of Ceal would mark Eletrobras' complete exit from electricity distribution, having already sold off five other subsidiaries in the segment, which together had accumulated billions of dollars in losses over decades.
The privatization auction of a unit of Brazilian state-run power holding company Centrais Eletricas Brasileiras SA was delayed to accommodate investors who needed more time to examine the unit, an executive said on Monday. Many potential buyers had in the last week been requesting information about Ceal, as the unit is known, the CEO of Eletrobras, as the company is known, Wilson Ferreira Jr., said. Earlier on Monday, Eletrobras delayed the auction, without saying why.
A U.S. court has approved a class action settlement between Centrais Eletricas Brasileiras SA (Eletrobras) and some of its shareholders, the Brazilian state electricity company said on Thursday. Under the accord, Eletrobras will pay $14.75 million to holders of its American Depositary Shares (ADRs) as compensation for losses related to the company's involvement in a sprawling corruption scheme. The settlement had been presented to the U.S. District Court for the Southern District of New York in June and received preliminary approval in August.
A Brazilian judge has struck down a previous decision that had halted the privatization auction of a unit of state-run electricity firm Centrais Eletricas Brasileiras SA, an executive said told Reuters on Monday, allowing the auction to go ahead. "The injunction was struck down, and we'll have an auction," said Armando Casado, the chief financial officer of Eletrobras, as the company is commonly known, without offering further details. On Friday, a judge halted the auction of Amazonas Energia, the distribution unit of Eletrobras in the interior state of Amazonas.
Brazil's state-controlled Petroleo Brasileiro SA said in a securities filing on Tuesday that it has reached an agreement with Centrais Elétricas Brasileiras SA on the debt of energy companies Amazonas ...
Brazilian Supreme Court Justice Ricardo Lewandowski has overturned an injunction that blocked the sale of power distributor Ceal, according to a document reviewed by Reuters. State-controlled power holding ...
Brazilian development bank BNDES has pushed back the auction of a unit of Centrais Elétricas Brasileiras SA, originally scheduled for next week, to Dec. 10, the state-controlled power company said in a securities filing late on Thursday. The auction is a key step towards the privatization of Eletrobras, as the power holding is known, and has been marred by repeated delays. Reuters reported on Oct. 30 that Eletrobras could take on an additional 3 billion reais in debt in order to pave the way for the Amazonas privatization.